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£120m fine threat for Diageo Korea

The world's largest Scotch whisky producer, Diageo, has been ordered to pay a 216.7 billion won (£120 million) fine by the government of South Korea for misrepresenting prices of its Windsor brand of Scotch.

The fine, which is the largest ever imposed in one of the key growth markets for the category, was originally handed out in October, but Diageo secured an injunction against it, pending the drinks firm's appeal at court